We believe that a strong commitment to ethical and legal conduct is essential for AGNC. We greatly value our reputation and integrity and hold each director, officer, employee and related person accountable for maintaining ethical business conduct. We have adopted a Code of Ethics and Conduct that applies to all of our directors, officers, employees and related persons provides clear direction on how to behave ethically and follow in accordance to our policies. The Code of Ethics and Conduct addresses AGNC’s policies on a range of topics, including observing all applicable laws and regulations, anti-bribery and corruption, political activity, antitrust, securities laws and insider trading, avoiding conflicts of interest, gifts and entertainment, maintaining accurate and complete company records and protecting confidential information. Our Board of Directors monitors compliance with the Code of Ethics and periodically reviews and updates its terms in keeping with developments affecting our business. Employees are encouraged to report any actual or suspected misconduct to our Chief Compliance Officer or anonymously through our confidential third-party hotline. AGNC does not tolerate retaliation of any kind against employees reporting any ethical or legal violations or participating in an investigation.