Annaly Capital Management, Inc.

Frequently Asked Questions About NLY

What does NLY invest in?

Annaly Capital Management, Inc. (NLY) operates as a multifaceted financial firm, specializing in managing capital across various sectors. Its core business encompasses mortgage-related investments and lending to middle-market corporations. NLY strategically deploys capital across a diverse range of assets, including government-sponsored (Agency) and privately-issued (non-Agency) mortgage-backed securities, residential and commercial mortgage loans, mortgage servicing rights, credit risk transfer instruments, corporate debt, and other commercial real estate investments. Operating as a Real Estate Investment Trust (REIT), Annaly benefits from a particular tax structure. This designation exempts it from federal corporate income tax, provided it distributes the majority of its taxable earnings to its investors. Established in 1996, the firm's corporate headquarters are located in New York City.

What is the expense ratio of NLY?

An expense ratio for Annaly Capital Management, Inc. (NLY) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is NLY?

Annaly Capital Management, Inc. (NLY) manages $16.43B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is NLY actively managed or an index fund?

NLY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was NLY launched?

Annaly Capital Management, Inc. (NLY) launched in October 1997 and is managed by the fund issuer.

How has NLY performed?

NLY's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.