investor@ellington.com Careers Contact Who We Are Our Approach Insights & News Investor Login Ellington Management Group and its affiliates serve as the external manager for three public vehicles. Who We ArePublic Vehicles For more information, please click on the links below. Investment Strategies Ellington Management Group is an investment and advisory firm dedicated to generating attractive risk-adjusted returns for our investors. investor@ellington.com Navigation The Firm History Leadership Community Impact Public Vehicles Investment Strategies Risk Management Philosophy Resources Investor Login Insights & News Careers EU Privacy Contact Us © 2021 Ellington Management Group. All rights reserved.

investor@ellington.com Careers Contact Who We Are Our Approach Insights & News Investor Login Informed Portfolio Management Decisions Our ApproachRisk Management Ellington’s risk management platform is designed to monitor and mitigate a wide range of inter-related risks. A dedicated risk oversight group utilizes a diverse array of tools to quickly identify and respond to emerging risks. The risk oversight team is integrated into Ellington’s organizational structure to maximize interaction with the investment team. Interest rate risk and credit risk are analyzed using proprietary models and are opportunistically hedged. Our sensitivity and stress analyses, alongside our modeling framework and extensive databases, help us quantify the impact of policy change and other event risks. Along with our legal and compliance controls and general monitoring framework, Ellington’s risk management platform helps make informed portfolio management decisions. Insights & News Ellington Management Group is an investment and advisory firm dedicated to generating attractive risk-adjusted returns for our investors. investor@ellington.com Navigation The Firm History Leadership Community Impact Public Vehicles Investment Strategies Risk Management Philosophy Resources Investor Login Insights & News Careers EU Privacy Contact Us © 2021 Ellington Management Group. All rights reserved.