> UVWXYZ[\]^_` l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1Courier New1Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)**_($* #,##0_);_($* (#,##0);_($* ""_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* ""_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* ""??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* ""??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)60%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0) + ) , * Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~3#܈ ~~9#܈ ~~4#܈ ~~7#܈ ~~#؈ ~~83ffff̙̙3f3fff3f3f33333f33AGNC INVESTMENT CORP&%Securities registered pursuant 7TABLE OF CONTENTS& TQuarterly Stock Prices and Divi&kQuarterly Stock Prices and (1)&Equity Compensation Plan Inform&Equity Compensation Plan In (1)
Balance SheetIncome Statement%PItem 6 Selected Financial Data( 30Market Information vT 30Market Information (1) D 30Market Information (2)  30Market Information (3) 30Market Information (4)&Interest Income and Asset Yield&h$Interest Income and Asset Y (1)7Leverage&[Interest Expense and Cost of Fu&tInterest Expense and Cost o (1)&Interest Expense and Cost o (2)&Interest Expense and Cost o (3)&Net Spread and Dollar Roll Inco& Gain Loss on Sale of Investment&Gain Loss on Derivative Instrum! Dividends and Income Taxes%%Dividends and Income Taxes (1)&? 44Other Comprehensive Income L&UInterest Income and Asset Y (2)&nInterest Income and Asset Y (3)Leverage (1)&. 46Interest Expense and Cost of& 46Interest Expense and Cos (1)& 46Interest Expense and Cos (2)& 46Interest Expense and Cos (3)&^Net Spread and Dollar Roll (1)& 48Gain Loss on Sale of Investm&9Gain Loss on Derivative Ins (1)%CNDividends and Income Taxes (2)%JjDividends and Income Taxes (3)&lOther Comprehensive Income LossqDebt CapitalMRepurchase Agreements&AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate RiskSpread Risk Balance Sheet (1)1Income Statement (1)[YShareholders Equityŗ
Cash Flows#Note 3 Investment Securities#Note 3 Investment Securi (1)#Note 3 Investment Securi (2)#4Note 3 Investment Securi (3)#5]Note 3 Investment Securi (4)#tNote 3 Investment Securi (5)#Note 3 Investment Securi (6)&o 77Gains and Losses on Sale of Repurchase Agreements (1)&*Federal Home Loan Bank Advances&*Derivative and Other Hedging In&:Derivative and Other Hedgin (1)&=Derivative and Other Hedgin (2)&6XDerivative and Other Hedgin (3)&vqDerivative and Other Hedgin (4)&?Derivative and Other Hedgin (5)&Gain Loss From Derivative Instr&}Gain Loss From Derivative I (1)&Gain Loss From Derivative I (2)&Gain Loss From Derivative I (3)&. 84Assets Pledged to Counterpar&pH 84Assets Pledged to Counte (1)&a 84Assets Pledged to Counte (2)&5Assets Pledged from Counterpart&`Offsetting Assets and Liabiliti&\Offsetting Assets and Liabi (1)) $
Distributions to Stockholders&$ Accumulated Other Comprehensive&? Accumulated Other Comprehen (1)&W 90Note 9 Equity Incentive Plan&wu Note 12 Business Combination Ac& Note 12 Business Combinatio (1)&u Note 13 Quarterly Results Unaud& Note 13 Quarterly Results U (1)& 97Item 15 Exhibits and Financi&.
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }%}$ }
AGNC Investment Corp.10K
02/27/2017AGNC INVESTMENT CORP.
Delaware
261701984'(State or Other Jurisdiction of(I.R.S. Employer&Incorporation or Organization)Identification No.)
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(Tth\8ZNB=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??YAGNC INVESTMENT CORPTABLE OF CONTENTS!Quarterly Stock Prices and Divi!Quarterly Stock Prices and (1)!Equity Compensation Plan Inform!Equity Compensation Plan In (1)
Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }a/}%
AGNC Investment Corp.10K
02/27/2017C;Securities registered pursuant to section 12(b) of the Act:
Title of each class
Name of each exchangeon which registered/'Common Stock, $0.01 par value per share'The NASDAQ Global Select Market
%8.000% Series A Cumulative Redeemable'
The NASDAQ Global Select MarketPreferred Stock%7.750% Series B Cumulative Redeemable'The NASDAQ Global Select MarketPreferred Stock$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.fZNB6Ug[3=PF0*8X>
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }}:}
5
AGNC Investment Corp.10K
02/27/2017TABLE OF CONTENTS
PART I.
Item 1.Business~
Item 1A.Risk Factors~
"
Item 1B.!
Unresolved Staff Comments~
^Item 2.
Properties~
^Item 3.Legal Proceedings~
^Item 4.Mine Safety Disclosures~
^PART II.Item 5..&Market for Registrant's Common Equity,~
b/'Related Stockholder Matters, and Issuer&Purchases of Equity SecuritiesItem 6.Selected Financial Data~
jItem 7.,$Management's Discussion and Analysis~
r80of Financial Condition and Results of OperationsItem 7A.0(Quantitative and Qualitative Disclosures~
About Market RiskItem 8..&Financial Statements and Supplementary~
DataItem 9.5Changes in and Disagreements with Accountants~
.&on Accounting and Financial DisclosureItem 9A.Controls and Procedures~
Dlxl`<[$~RFW.e !"#$%&'()*+,./01234 Item 9B. Other Information~
!!!" PART III.""#Item 10.3#+Directors, Executive Officers and Corporate~
#$$
Governance%Item 11.%Executive Compensation~
%&Item 12.0&(Security Ownership of Certain Beneficial~
&'5'Owners and Management and Related Stockholder((Matters)Item 13.7)/Certain Relationships and Related Transactions,~
)*!*and Director Independence+Item 14..+&Principal Accounting Fees and Services~
+,,,PART IV..Item 6..Exhibits~
./
Signatures~
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }}
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AGNC Investment Corp.10K
02/27/201780Quarterly Stock Prices and Dividend Declarations
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }a}$
AGNC Investment Corp.10K
02/27/201780Quarterly Stock Prices and Dividend Declarations
Tax Characterization.&Dividends Declared Per Share of Common!Ordinary Income Per Share
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }0.}$ }8}$ }6
AGNC Investment Corp.10K
02/27/2017,$Equity Compensation Plan Information
Plan Category
7
/Number of securities to be issued upon exercise
6
.Weighted average exercise price of outstanding
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }}$
AGNC Investment Corp.10K
02/27/2017,$Equity Compensation Plan Information
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
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02/27/2017
Balance Sheet
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Balance SheetIncome Statement 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }$4}$ }$}$ }$} $ }$}
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AGNC Investment Corp.10K
02/27/2017'Item 6. Selected Financial Data
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02/27/2017 30Market Information
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Interest Rate/Security Price 1
Dec. 31, 2015
Mar. 31, 2016
June 30, 2016
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Dec. 31, 2016
Dec. 31, 2016
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0.53%
0.77%
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0.85%
0.90%
0.92%
1.24%
1.31%
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1.06%
0.73%
0.59%
0.76%
1.20%
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1.32%
0.86%
0.70%
0.87%
1.46%
+0.14
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1.77%
1.22%
1.01%
1.15%
1.92%
+0.15
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2.27%
1.78%
1.49%
1.61%
2.43%
+0.16
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3.01%
2.62%
2.31%
2.33%
3.05%
+0.04
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1.17%
0.85%
0.74%
1.01%
1.46%
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1.41%
0.96%
0.81%
1.07%
1.68%
+0.27
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1.18%
0.99%
1.18%
1.96%
+0.23
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2.19%
1.64%
1.38%
1.46%
2.32%
+0.13
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2.62%
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1.84%
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02/27/2017 30Market Information
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }1}
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AGNC Investment Corp.10K
02/27/2017 30Market Information
December 31, 2016!Includes Net TBA Position!Excludes Net TBA Position1)Fixed Rate Agency RMBS and TBA Securities Par Value Amortized
Fair Value
'% Lower Loan Balance & HARP 1,2 AmortizedWeighted AverageProjected Life
Cost
Cost Basis
WAC 3
Yield 4
Age (Months)
CPR 4
Fixed rate
? 15year
2.5%~
6L~
FM ~
L
26%101.7%
2.96%
2.05%~
9%3.0%~
6~
7 ~
7
73%102.9%
3.50%
2.20%~
9%3.5%~
z3~
B5 ~
5
90%103.4%
3.95%
2.50%~
10%4.0%~
~)~
:+ ~
+
89%104.2%
4.40%
2.69%~
"11%4.5%~
v~
~
98%104.6%
4.87%
3.03%~
211%? 5.0%~
~
~
22%103.3%
6.63%
4.65%~
13%Total ? 15year~
~
~
65%103.1%
3.72%
2.37%~
10%20year
? 3.0%~
~
~ ~
31%
99.4%
3.55%
3.10%~
8%3.5%~
~
~
75%102.2%
4.06%
3.01%~
10%4.0%~
~
~
50%104.4%
4.54%
2.97%~
10%4.5%~
~
& ~
*
99%106.7%
4.90%
2.99%~
&11%? 5.0%~
~
~
%106.3%
5.94%
3.33%~
17%Total 20year:~
J~
~
63%101.9%
4.03%
3.03%~
10%30year:
3.0%~
zs~
t ~
r
20%100.1%
3.57%
2.97%~
j
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~
.
~
F
72% 105.4%
4.07%
2.75% ~
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!61%!!107.4%!
!4.51%!
!2.92%!~
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"87%""107.6%"
"4.97%"
"3.30%"~
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#5.45%#
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$38%$$110.0%$
$6.20%$
$3.40%$~
$$$14%%
Total 30year%~
%\%%~
%{%% ~
%
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%56%%%105.4%%
%4.19%%
%2.86%%~
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%7%&Total fixed rate&~
&L&&~
&2r&& ~
&
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&58%&&104.6%&
&4.05%&
&2.73%&~
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }1}
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AGNC Investment Corp.10K
02/27/2017 30Market Information
December 31, 2015!Includes Net TBA Position!Excludes Net TBA Position1)Fixed Rate Agency RMBS and TBA Securities Par Value Amortized
Fair Value
'% Lower Loan Balance & HARP 1,2 AmortizedWeighted AverageProjected Life
Cost
Cost Basis
WAC 3
Yield 4
Age (Months)
CPR 4
Fixed rate
? 15year
? 2.5%~
A~
:B ~
A
47%101.8%
2.97%
2.04%~
8%3.0%~
JA~
NC ~
~C
73%103.1%
3.50%
2.22%~
9%3.5%~
C~
&F ~
6G
88%103.6%
3.95%
2.53%~
10%4.0%~
5~
8 ~
:9
89%104.4%
4.40%
2.71%~
11%4.5%~
~
~
*
98%104.9%
4.87%
3.04%~
12%? 5.0%~
~
~
28%103.8%
6.51%
4.54%~
13%Total ? 15year~
~
~
75%103.2%
3.71%
2.38%~
10%20year
? 3.0%~
~~
v ~
28%
99.3%
3.55%
3.11%~
~
8%3.5%~
b ~
~
64%102.2%
4.05%
3.04%~
10%4.0%~
~
~
48%104.5%
4.54%
2.97%~
11%4.5%~
R~
j ~
r
99%106.7%
4.90%
3.03%~
10%? 5.0%~
~
~
%106.1%
5.92%
3.35%~
r18%Total 20year:~
F~
~
56%101.9%
4.03%
3.06%~
9%30year:
? 3.0%~
j~
k ~
j
2%100.6%
3.59%
2.92%~
~
6%Dlth\0N'~T(_4 !"#$%&'()*+ 3.5% ~
~
~
51% 104.7%
4.09%
2.84% ~
j
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!4.54%!
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%4.27%%
%2.93%%~
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&rf&&~
&Z&& ~
&
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&4.08%&
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }+}$
AGNC Investment Corp.10K
02/27/2017 30Market Information
December 31, 2016
December 31, 2015,$NonAgency Security Credit Ratings 1CRTRMBS
CMBS
CRTRMBSCMBSAAA
$~
$
$~
$
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }0}$ }$}$ } }$} $ }
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AGNC Investment Corp.10K
02/27/2017'Interest Income and Asset Yield
Fiscal Year 2016
Fiscal Year 2015Amount
YieldAmount
Yield#Cash/coupon interest income~
Q
@ %~
J
(\@
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Net premium amortization~
Q
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~
Q
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }}$
AGNC Investment Corp.10K
02/27/2017'Interest Income and Asset Yield
3
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########## #
###
##############AGNC Investment Corp.10K
02/27/2017Leverage
Mortgage Borrowings 1
Net TBA Position
Average Total

%Tangible Net Book Value Average Total
"At Risk" Leverage
2
*Tangible Net Book Value "At Risk" Leverage
Long/(Short) 2.&"At Risk" Leverage during the Period 3.&"At Risk" Leverage during the Period 4
as of
as of
Quarter Ended
Average DailyMaximum
Ending
Average DailyEndingPeriod End 5Period End 4
Amount
Daily Amount
Amount
Amount
AmountDecember 31, 2016~
~
~
~
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }1}$ } }$}$ }
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AGNC Investment Corp.10K
02/27/2017A9_______________________Interest Expense and Cost of Funds
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AGNC Investment Corp.10K
02/27/2017A9_______________________Interest Expense and Cost of Funds
3
+Impact of Changes in the Principal Elements( of Adjusted Net Interest Expense!Fiscal Year 2016 vs. 2015
Due to Change in Average#Total Increase / (Decrease) Borrowing / Swap Balance Borrowing / Swap Rate/'Interest expense on mortgage borrowings~
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Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }:}$ }$}$ }$
AGNC Investment Corp.10K
02/27/2017A9_______________________Interest Expense and Cost of Funds
Fiscal Year80Average Ratio of Interest Rate Swaps Outstanding~
~
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Mortgage Borrowings Outstanding#Average mortgage borrowings~
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }:}$ }$}$ }$
AGNC Investment Corp.10K
02/27/2017A9_______________________Interest Expense and Cost of Funds
Fiscal Year80Average Ratio of Interest Rate Swaps Outstanding~
~
~%(Including Forward Starting Swaps) to0
(Mortgage Borrowings and Net TBA Position#Average mortgage borrowings~
Z~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??YAGNC INVESTMENT CORP!Securities registered pursuant TABLE OF CONTENTS!Quarterly Stock Prices and Divi!Quarterly Stock Prices and (1)!Equity Compensation Plan Inform!Equity Compensation Plan In (1)
Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }U5}$
+
AGNC Investment Corp.10K
02/27/2017)!Net Spread and Dollar Roll Income
Fiscal Year~
~
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Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }:}$
AGNC Investment Corp.10K
02/27/201791Gain (Loss) on Sale of Investment Securities, Net
Fiscal Year~
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Q
Proceeds from sale 1~
~
80Net gain (loss) on sale of investment securities~
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3+Gross gain on sale of investment securities~
~
3+Gross loss on sale of investment securities~
~
80Net gain (loss) on sale of investment securities~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4pdXL@> d=PF0*8X>
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of InvestmentDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }:}$
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AGNC Investment Corp.10K
02/27/2017^V_______________________Gain (Loss) on Derivative Instruments and Other Securities, Net
Fiscal Year~
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }U5}$
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AGNC Investment Corp.10K
02/27/2017"Dividends and Income Taxes
Fiscal Year~
~
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02/27/2017'Interest Income and Asset Yield
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AGNC Investment Corp.10K
02/27/2017D< 46_______________________Interest Expense and Cost of Funds
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AGNC Investment Corp.10K
02/27/2017^V_______________________Gain (Loss) on Derivative Instruments and Other Securities, Net
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02/27/2017)!Other Comprehensive Income (Loss)
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }1}$ }$}$}$ }
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AGNC Investment Corp.10K
02/27/2017Debt Capital
December 31, 2016
December 31, 2015Mortgage FundingAmount % Amount
%1)Repurchase agreements used to fund Agency~
L~
%~
~
: %
RMBS 1,2
FHLB advances~
v/~
%~
:~
%.&Debt of consolidated variable interest~
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%~
N ~
%entities, at fair value!Total mortgage borrowings~
~~
: %~
~
Z %!Net TBA position, at cost~
°~
Z %~
t~
: %Total mortgage funding~
>4~
%~
D~
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt Capital!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }}$ }}$ }a/
AGNC Investment Corp.10K
02/27/2017Repurchase Agreements
December 31, 2016CounterParty Region!Number of CounterParties/'Percent of Repurchase Agreement Funding
North America~
R68%
Europe
~
6
20%Asia~
12%~
100%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.th\ [
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }a/}$
AGNC Investment Corp.10K
02/27/2017)!AGGREGATE CONTRACTUAL OBLIGATIONS
Fiscal Year
~
~
~
~
~
Total/'Repurchase agreements and FHLB advances~
+~
~
R
~
b"~
~
~
Interest expense 1
~
~
~
~
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~
~
Total~
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }U}$ }}$ }}$ }
AGNC Investment Corp.10K
02/27/2017Interest Rate Risk #
Interest Rate Sensitivity 1&Percentage Change in ProjectedChange in Interest RateNet Interest Income 2Portfolio MarketNet Asset Value 3,5
Value 3,4As of December 31, 2016100 Basis Points
9.7%
+0.6%
+4.6%50 Basis Points
1.8%
+0.5%
+4.1%+50 Basis Points
+4.1%
0.8%
6.4%+100 Basis Points
+6.2%
1.7%14.1%As of December 31, 2015100 Basis Points17.3%
0.4%
2.8%50 Basis Points
4.2%
+0.1%
+0.6%+50 Basis Points
+2.0%
0.5%
3.7%+100 Basis Points
+2.5%
1.2%
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Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }U}$ }}$ }
AGNC Investment Corp.10K
02/27/2017Spread Risk 3
+Spread Sensitivity of Agency RMBS Portfolio~
&Percentage Change in Projected
Change in MBS Spread
Portfolio
Net AssetMarket Value 2,4 Value 2,3As of December 31, 201625 Basis Points
+1.3%+11.0%10 Basis Points
+0.5%
+4.4%+10 Basis Points
0.5%
4.4%+25 Basis Points
1.3%11.0%As of December 31, 201525 Basis Points
+1.3%+10.2%10 Basis Points
+0.5%
+4.1%+10 Basis Points
0.5%
4.1%+25 Basis Points
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Spread RiskIncome Statement (1)Shareholders Equity
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AGNC Investment Corp.10K
02/27/2017
Balance Sheet
December 31,~
~
~Assets:3
+Agency securities, at fair value (including~
F
~
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2*pledged securities of $43,943 and $48,380,
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~
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~
91pledged securities of $90 and $113, respectively)0(Credit risk transfer securities, at fair~

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~
f%(including pledged securities of $173and $25, respectively)%REIT equity securities, at fair value ~
!Cash and cash equivalents~
~
Z,$Restricted cash and cash equivalents~
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( Derivative assets, at fair value~
~
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!!! !!"net#Other assets~
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112Total liabilities~
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2j23Stockholders' equity:333/4'Preferred stock  $0.01 par value; 10.04445shares authorized:6%Redeemable Preferred Stock; $0.01 par~
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AGNC Investment Corp.10K
02/27/2017Income Statement
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~
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zInterest income:
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*******************AGNC Investment Corp.10K
02/27/2017Shareholders' Equity
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02/27/2017
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02/27/2017%Note 3. Investment Securities
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02/27/2017%Note 3. Investment Securities
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02/27/2017%Note 3. Investment Securities
December 31, 2016Agency RMBS
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
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AGNC Investment Corp.10K
02/27/2017%Note 3. Investment Securities
December 31, 2016
December 31, 2015,$NonAgency Security Credit Ratings 1CRTRMBS
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AGNC Investment Corp.10K
02/27/2017%Note 3. Investment Securities
December 31, 2016
December 31, 20155Estimated Weighted Average Life of Securities
Fair Value Amortized
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AGNC Investment Corp.10K
02/27/2017%Note 3. Investment Securities
$
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
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02/27/2017<4 77Gains and Losses on Sale of Investment Securities
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AGNC Investment Corp.10K
02/27/2017Repurchase Agreements
December 31, 2016
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Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }}$ } }$}$ } }
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AGNC Investment Corp.10K
02/27/2017'Federal Home Loan Bank Advances
December 31, 2016
December 31, 2015Remaining Maturity
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AGNC Investment Corp.10K
02/27/2017SKDerivative and Other Hedging Instrument Assets (Liabilities), at Fair Value
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AGNC Investment Corp.10K
02/27/2017SKDerivative and Other Hedging Instrument Assets (Liabilities), at Fair Value
December 31, 2016
December 31, 2015!Payer Interest Rate SwapsNotionalAverageAverage
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Rate 3
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1.06%
0.40%~
?> 3 to ? 5 years~
jt
1.62%
0.91% ~
~
~
z
2.03%
0.40%~
~
> 5 to ? 7 years~
I
1.89%
0.91% ~
r
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p
2.47%
0.44%~
jffffff@> 7 to ? 10 years~
3
1.90%
0.91% ~
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jt
2.57%
0.39%~
@
> 10 years~
2.64%
0.91% ~
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3.20%
0.39%~
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0.92% ~
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }} $ }
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AGNC Investment Corp.10K
02/27/2017SKDerivative and Other Hedging Instrument Assets (Liabilities), at Fair Value
Payer Swaptions
Option
Underlying Payer SwapYears to ExpirationCostFair
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Expiration
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(LIBOR)December 31, 2016
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Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }*}$
AGNC Investment Corp.10K
02/27/2017SKDerivative and Other Hedging Instrument Assets (Liabilities), at Fair Value
U.S. Treasury Securities
December 31, 2016
December 31, 2015Maturity&Face Amount Net Long / (Short)
Cost Basis
Net
&Face Amount Net Long / (Short)
Cost BasisNet
Fair Value
Fair Value
5 years
~
~
~
~
~
~
7 years~
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~
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10 years~
~
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~
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!!!!!!!!!! !
!!!
!!!!!!!!AGNC Investment Corp.10K
02/27/2017SKDerivative and Other Hedging Instrument Assets (Liabilities), at Fair Value
U.S. Treasury Futures
December 31, 2016
December 31, 2015MaturityNotionalCost
Market
Net Carrying Value 4NotionalCostMarketNet Carrying Value 4Amount  Long (Short) 1Basis 2
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Amount  Long (Short) 1Basis 2Value 3
5 years
~
~
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!!!!!!!!!!!!!!!!!!!AGNC Investment Corp.10K
02/27/2017SKDerivative and Other Hedging Instrument Assets (Liabilities), at Fair Value
December 31, 2016
December 31, 2015 TBA Securities by CouponNotionalCost
Market
Net Carrying Value 4NotionalCostMarketNet Carrying Value 4Amount  Long (Short) 1Basis 2
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Amount  Long (Short) 1Basis 2Value 3
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AGNC Investment Corp.10K
02/27/2017^V_____________________Gain (Loss) From Derivative Instruments and Other Securities, Net
Fiscal Year 20160(Derivative and Other Hedging InstrumentsNotional Amount Additions Settlement, Termination,Notional Amount Amount ofDecember 31, 2015
Expiration orDecember 31, 2016Gain/(Loss)
Exercise
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Income on
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AGNC Investment Corp.10K
02/27/2017^V_____________________Gain (Loss) From Derivative Instruments and Other Securities, Net
Fiscal Year 20150(Derivative and Other Hedging InstrumentsNotional Amount Additions Settlement, Termination,Notional Amount Amount ofDecember 31, 2014
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AGNC Investment Corp.10K
02/27/2017^V_____________________Gain (Loss) From Derivative Instruments and Other Securities, Net
Fiscal Year 20140(Derivative and Other Hedging InstrumentsNotional Amount Additions Settlement, Termination,Notional Amount Amount ofDecember 31, 2013
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??YAGNC INVESTMENT CORP!Securities registered pursuant TABLE OF CONTENTS!Quarterly Stock Prices and Divi!Quarterly Stock Prices and (1)!Equity Compensation Plan Inform!Equity Compensation Plan In (1)
Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }!} $ }
U}$}$ }
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AGNC Investment Corp.10K
02/27/2017^V_____________________Gain (Loss) From Derivative Instruments and Other Securities, Net
December 31, 2016Amount Outstanding#Net Counterparty Exposure 1
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#Weighted Average Months to Maturity#J.P. Morgan Securities, LLC~
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }0.}$
AGNC Investment Corp.10K
02/27/2017+# 84Assets Pledged to Counterparties
December 31, 2016( Assets Pledged to Counterparties/'Repurchase Agreements and FHLB Advances!Debt of Consolidated VIEs
Derivative Agreements
Prime Broker Agreements
Total~
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~
~
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~
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$NonAgency RMBS  fair value~
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~
j%U.S. Treasury securities  fair value~


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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }0.}$
AGNC Investment Corp.10K
02/27/2017+# 84Assets Pledged to Counterparties
December 31, 2015( Assets Pledged to Counterparties/'Repurchase Agreements and FHLB Advances!Debt of Consolidated VIEs
Derivative Agreements
Prime Broker Agreements
Total~
Agency RMBS  fair value
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~
~
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~
$NonAgency RMBS  fair value~


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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }2}$
AGNC Investment Corp.10K
02/27/2017+# 84Assets Pledged to Counterparties
December 31, 2016
December 31, 20150(Securities Pledged by Remaining Maturity( Fair Value of Pledged Securities Amortized
Accrued
( Fair Value of Pledged Securities AmortizedAccrued2*of Repurchase Agreements and FHLB Advances"Cost of Pledged Securities
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }} $
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!!!!!!!!AGNC Investment Corp.10K
02/27/2017*"Assets Pledged from Counterparties
December 31, 2016
December 31, 2015Assets Pledged to AGNC%Reverse Repurchase AgreementsDerivative Agreements
Repurchase Agreements
Total%Reverse Repurchase AgreementsDerivative AgreementsRepurchase Agreements
TotalAgency MBS  fair value
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:
~
:
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$
$
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~
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~


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~
   
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }7}$
"
AGNC Investment Corp.10K
02/27/2017)!Offsetting Assets and Liabilities
.
&Offsetting of Financial and DerivativeAssets*"Gross Amounts of Recognized Assets0(Gross Amounts Offset in the Consolidated ;
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~
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 ~
~
 6.Receivable under reverse repurchase agreements~
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~
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~
~
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~
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 ~
~
~
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }a/}$
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AGNC Investment Corp.10K
02/27/2017)!Offsetting Assets and Liabilities
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&Offsetting of Financial and DerivativeLiabilities/'Gross Amounts of Recognized Liabilities0(Gross Amounts Offset in the Consolidated /
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~
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~
~
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~
~
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~
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1)Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }6}$
%
AGNC Investment Corp.10K
02/27/2017
December 31, 2016
December 31, 2015Level 1Level 2
Level 3
Level 1Level 2Level 3Assets:
Agency securities
$
~
F
$
$
~
"
$
5Agency securities transferred to consolidated ~

~
VIEsNonAgency securities ~

~
'Credit risk transfer securities ~

   U.S. Treasury securities~


~
f  Interest rate swaps ~

~
~  Swaptions ~
Z

~
F TBA securities ~

~
v U.S. Treasury futures~
" 

~
 REIT equity securities  

~
 
Total~
~
$
~
~
5
$Liabilities:
!Debt of consolidated VIEs
$~
2
$
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AGNC Investment Corp.10K
02/27/2017%Distributions to Stockholders
Dividends Declared
$
Dividends Declared Per Share.&8.000 % Series A Cumulative RedeemablePreferred Stock
Fiscal year 2016
~
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AGNC Investment Corp.10K
02/27/20175Accumulated Other Comprehensive Income (Loss)
.
&Accumulated Other Comprehensive Income
8
0Net Unrealized Gain (Loss) on AvailableforSale
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02/27/20175Accumulated Other Comprehensive Income (Loss)
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AGNC Investment Corp.10K
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AGNC Investment Corp.10K
02/27/2017TLNote 12. Business Combination  Acquisition of AGNC Mortgage Management, LLC
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02/27/2017TLNote 12. Business Combination  Acquisition of AGNC Mortgage Management, LLC
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Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }8}$
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }}$ }y<
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AGNC Investment Corp.10K
02/27/2017>6 97Item 15. Exhibits and Financial Statement Schedules
Exhibit No.
Description*2.10(Purchase and Sale Agreement, dated as of
3
+May 23, 2016, by and among American Capital/'Asset Management, LLC, American Capital3+Mortgage Management, LLC, American Capital,/'Ltd. and American Capital Agency Corp.,0(incorporated by reference to Exhibit 2.1/'of Form 8K (File No. 00134057), filed
May 25, 2016.*3.12*AGNC Investment Corp. Amended and Restated1)Certificate of Incorporation, as amended,3+incorporated herein by reference to Exhibit803.1 of Form 10Q for the quarter ended September530, 2016 (File No. 00134057), filed November7, 2016.*3.2/'AGNC Investment Corp. Third Amended and1)Restated Bylaws, as amended, incorporated2*herein by reference to Exhibit 3.2 of Form0(10Q for the quarter ended September 30,D lk_SG;2Mm+G !"#$%&'()*+,./0123456789:;<=>? 1 )2016 (File No. 00134057), filed November!!!7, 2016.""#*3.3##%Certificate of Designations of 8.000%$$0$(Series A Cumulative Redeemable Preferred%%/%'Stock, incorporated herein by reference&&7&/to Exhibit 3.1 of Form 8K (File No 00134057),'''filed April 3, 2012.(()*3.4))%Certificate of Designations of 7.750%**0*(Series B Cumulative Redeemable Preferred++/+'Stock, incorporated herein by reference,,8,0to Exhibit 3.3 of Form 8A (File No. 00134057),filed May 7, 2014.../*4.1/2/*Instruments defining the rights of holders0040,of securities: See Article IV of our Amended1121*and Restated Certificate of Incorporation,2242,as amended, incorporated herein by reference3333+to Exhibit 3.1 of Form 10Q for the quarter4454ended September 30, 2016 (File No. 00134057)555filed November 7, 2016.667*4.2727*Instruments defining the rights of holders8828*of securities: See Article VI of our Third9909(Amended and Restated Bylaws, as amended,::3:+incorporated herein by reference to Exhibit;;8;03.2 of Form 10Q for the quarter ended September<<4<,30, 2016 (File No. 00134057) filed November===7, 2016.>>?*4.3?:?2Form of Certificate for Common Stock, incorporatedD
lo"8Ozbr"G/CP$@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@2@*herein by reference to Exhibit 4.3 of FormAA0A(10Q for the quarter ended September 30,BB1B)2016 (File No. 00134057), filed NovemberCCC7, 2016.DDE*4.4E6E.Specimen 8.000% Series A Cumulative RedeemableFF1F)Preferred Stock Certificate, incorporatedGG2G*herein by reference to Exhibit 4.1 of FormHH0H(8K (File No. 00134057), filed April 3,II~
IrJJK*4.5K6K.Specimen 7.750% Series B Cumulative RedeemableLL1L)Preferred Stock Certificate, incorporatedMM2M*herein by reference to Exhibit 4.1 of FormNN4N,8A (File No. 00134057), filed May 7, 2014.OOP*4.6P3P+Deposit Agreement, dated May 8, 2014, amongQQ4Q,American Capital Agency Corp., ComputershareRRR%Inc. and Computershare Trust Company,SS1S)N.A., jointly as depositary, incorporatedTT2T*herein by reference to Exhibit 4.2 of FormUU4U,8K (File No. 00134067), filed May 8, 2014.VVW*4.7W0W(Form of Depositary Receipt, incorporatedXX2X*herein by reference to Exhibit 4.3 of FormYY4Y,8K (File No. 00134067), filed May 8, 2014.ZZ[?*10.1[[%Third Amended and Restated Employment\\/\'Agreement, dated September 22, 2014, as]]3]+amended on November 1, 2016, by and between^^.^&AGNC Mortgage Management, LLC and Gary__._&Kain, incorporated herein by referenceD
lf2rZi^z*t$r#`abcdefghijklmnopqrstuvw``9`1to Exhibit 10.1 of Form 8K (File No. 00134057),aaafiled November 4, 2016.bbc?*10.2c2c*Amended and Restated Employment Agreement,dd4d,dated March 30, 2012, as amended on Novemberee9e11, 2016, by and between AGNC Mortgage Management,ff/f'LLC and Peter J. Federico, incorporatedgg3g+herein by reference to Exhibit 10.2 of Formhh0h(8K (File No. 00134057), filed Novemberiii4, 2016.jjk?*10.3k2k*Amended and Restated Employment Agreement,ll4l,dated March 30, 2012, as amended on Novembermm9m11, 2016, by and between AGNC Mortgage Management,nn2n*LLC and Christopher J. Kuehl, incorporatedoo3o+herein by reference to Exhibit 10.3 of Formpp0p(8K (File No. 00134057), filed Novemberqqq4, 2016.rrst$u____________________________1v)Created by Morningstar Document Research.0w(http://documentresearch.morningstar.com/4zpX_yM5
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi!Memorandum and Acceptance Agree!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }}$ }I;
AGNC Investment Corp.10K
02/27/2017>6 97Item 15. Exhibits and Financial Statement Schedules
?*10.4
1
)Letter Agreement, dated December 1, 2015,2*as amended on July 1, 2016, by and between%American Capital Mortgage Management,
4
,LLC and Bernice E. Bell, incorporated herein0(by reference to Exhibit 10.4 of Form 8K1)(File No. 00134057), filed July 8, 2016.?*10.50(Retention Bonus Grant Letter, dated July0(1, 2016, by and between American Capital/'Mortgage Management, LLC and Bernice E..&Bell, incorporated herein by reference91to Exhibit 10.5 of Form 8K (File No. 00134057),filed July 8, 2016.?*10.6,$Transition Services Agreement, dated3+July 1, 2016, by and among American Capital%Agency Corp., American Capital, Ltd.,.&American Capital Asset Management, LLC1)and American Capital Mortgage Management,%LLC, incorporated herein by reference80to Exhibit 2.1 of Form 8K (File No. 00134057),filed July 8, 2016.D lk_SG;vD,CmUo% !"#$%&'()*+,./0123456789:;<=>?
!?10.7!7!/AGNC Investment Corp. 2016 Equity and Incentive""2"*Compensation Plan, as adopted at a Special##0#(Meeting of Stockholders held on December$$ $9, 2016, filed herewith.%%
&?10.8&1&)Form of AGNC Investment Corp. 2016 Equity''2'*and Incentive Compensation Plan Restricted((4(,Stock Unit Agreement for Section 16 Officers))2)*with Employment Contracts, filed herewith.**
+?10.9+1+)Form of AGNC Investment Corp. 2016 Equity,,9,1and Incentive Compensation Plan PerformanceBased3+Restricted Stock Unit Agreement for Section....&16 Officers with Employment Contracts,///filed herewith.001?10.10111)Form of AGNC Investment Corp. 2016 Equity2222*and Incentive Compensation Plan Restricted3343,Stock Unit Agreement for Section 16 officers4454without Employment Contracts, filed herewith.556?10.11616)Form of AGNC Investment Corp. 2016 Equity77971and Incentive Compensation Plan PerformanceBased8838+Restricted Stock Unit Agreement for Section9919)16 officers without Employment Contracts,:::filed herewith.;;<?*10.12<1<)AGNC Mortgage Management, LLC Performance==2=*Incentive Plan  MTGE, incorporated herein>>0>(by reference to Exhibit 10.1 of Form 8K??/?'(File No. 00134057), filed January 27,D
lBPdLVn gp#6@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@~
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S:S0S(AGNC Investment Corp. Code of Ethics andTT0T(Conduct, adopted October 18, 2016, filedUUU herewith.VV~
WVW4W,Subsidiaries of the Company and jurisdictionXXXof incorporation:Y6Y.1) AGNC TRS, LLC, a Delaware limited liabilityZZZcompany[7[/2) Old Georgetown Insurance Co. LLC, a Missouri\\!\limited liability company]/]'3) Bethesda Securities, LLC, a Delaware^^!^limited liability company_4_,4) AGNC Mortgage Management, LLC, a DelawareDM
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
Leverage!Interest Expense and Cost of Fu!Interest Expense and Cost o (1)!Interest Expense and Cost o (2)!Interest Expense and Cost o (3)!Net Spread and Dollar Roll Inco!Gain Loss on Sale of Investment!Gain Loss on Derivative InstrumDividends and Income Taxes Dividends and Income Taxes (1)! 44Other Comprehensive Income L!Interest Income and Asset Y (2)!Interest Income and Asset Y (3)Leverage (1)! 46Interest Expense and Cost of! 46Interest Expense and Cos (1)! 46Interest Expense and Cos (2)! 46Interest Expense and Cos (3)!Net Spread and Dollar Roll (1)! 48Gain Loss on Sale of Investm!Gain Loss on Derivative Ins (1) Dividends and Income Taxes (2) Dividends and Income Taxes (3)!Other Comprehensive Income LossDebt CapitalRepurchase Agreements!AGGREGATE CONTRACTUAL OBLIGATIOInterest Rate Risk
Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance A (1)!Ratio of Earnings to Fixed CharU }}0
AGNC Investment Corp.10K
02/27/2017+#Memorandum and Acceptance Agreement
Date
Vested Percentage33.33%33.33%
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Balance SheetIncome Statement Item 6 Selected Financial Data 30Market Information 30Market Information (1) 30Market Information (2) 30Market Information (3) 30Market Information (4)!Interest Income and Asset Yield!Interest Income and Asset Y (1)
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
Cash FlowsNote 3 Investment SecuritiesNote 3 Investment Securi (1)Note 3 Investment Securi (2)Note 3 Investment Securi (3)Note 3 Investment Securi (4)Note 3 Investment Securi (5)Note 3 Investment Securi (6)! 77Gains and Losses on Sale of Repurchase Agreements (1)!Federal Home Loan Bank Advances!Derivative and Other Hedging In!Derivative and Other Hedgin (1)!Derivative and Other Hedgin (2)!Derivative and Other Hedgin (3)!Derivative and Other Hedgin (4)!Derivative and Other Hedgin (5)!Gain Loss From Derivative Instr!Gain Loss From Derivative I (1)!Gain Loss From Derivative I (2)!Gain Loss From Derivative I (3)! 84Assets Pledged to Counterpar! 84Assets Pledged to Counte (1)! 84Assets Pledged to Counte (2)!Assets Pledged from Counterpart!Offsetting Assets and Liabiliti!Offsetting Assets and Liabi (1) Distributions to Stockholders!Accumulated Other Comprehensive!Accumulated Other Comprehen (1)! 90Note 9 Equity Incentive Plan!Note 12 Business Combination Ac!Note 12 Business Combinatio (1)!Note 13 Quarterly Results Unaud!Note 13 Quarterly Results U (1)! 97Item 15 Exhibits and Financi! 97Item 15 Exhibits and Fin (1)!Memorandum and Acceptance Agree!Ratio of Earnings to Fixed CharU }}0
AGNC Investment Corp.10K
02/27/2017+#Memorandum and Acceptance Agreement
Date
Vested Percentage33.33%33.33%
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Spread RiskBalance Sheet (1)Income Statement (1)Shareholders Equity
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