9AT: PNMAC CAPITAL MANAGEMENT, LLC

Adviser Profile

As of Date	02/17/2026
Registration	SEC, Approved, 05/06/2008
ADV Location	WESTLAKE VILLAGE, CA, United States
Contact Info	(80 xxxxxxx

AUM^*	21,346,882,000 63%
of that, discretionary	21,346,882,000 63%
Number of Employees	44 -46%
of those in investment advisory functions	37 -44%
Private Fund GAV^*	0
Avg Account Size	21,346,882,000 63%
SMA’s	No
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser ELLINGTON FINANCIAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM19.4b	#Funds-
Adviser THE BAUPOST GROUP, L.L.C.	Hedge Fund24.7b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV24.7b	AUM24.7b	#Funds12
Adviser GREENSLEDGE ADVISORS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM2.3b	#Funds-
Adviser ARMOUR CAPITAL MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM21.0b	#Funds-
Adviser GE INVESTMENT MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM24.4b	#Funds-
Adviser HUNTER POINT CAPITAL LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund4.5b	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund168.0m	Total Private Fund GAV4.6b	AUM7.8b	#Funds49
Adviser ELLINGTON CREDIT COMPANY MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM415.0m	#Funds-
Adviser TIFF INVESTMENT MANAGEMENT	Hedge Fund2.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.5b	AUM2.5b	#Funds5
Adviser FEG INVESTMENT SERVICES, LLC	Hedge Fund361.7m	Liquidity Fund-	Private Equity Fund104.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund4.4b	Total Private Fund GAV4.9b	AUM2.2b	#Funds21
Adviser MFP INVESTORS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM487.0m	#Funds-

Brochure Summary

Overview

Description of Firm PNMAC Capital Management, LLC (the “Adviser”) is a limited liability company organized in accordance with the Delaware Limited Liability Company Act and provides investment advisory services to PennyMac Mortgage Investment Trust (“PMT”), a publicly traded real estate investment trust (“REIT”). The Adviser has been in business since May, 2008. The Adviser specializes in and focuses on investments in U.S. mortgage assets. Principal Owners PNMAC Capital Management, LLC is a wholly-owned subsidiary of Private National Mortgage Acceptance Company, LLC (“Pennymac”). Pennymac’s principal owners are PennyMac Financial Services, Inc., a publicly traded company (“PFSI”) and PNMAC Holdings, Inc., a wholly-owned subsidiary of PFSI. Types of Advisory Services Offered The Adviser specializes in managing residential mortgage-related assets, including mortgage- backed securities (“MBS”), mortgage servicing rights (“MSRs”), credit risk transfer (“CRT”) investments in CRT agreements (“CRT Agreements”) and CRT securities,

and newly originated residential loans and residential nonperforming and underperforming loans. The Adviser’s affiliate, PennyMac Loan Services, LLC (“PLS”), provides primary and special servicing for PMT’s portfolio of residential mortgage loans and MSRs. Pursuant to the Management Agreement entered into between PMT and the Adviser (the “Management Agreement), the Adviser has sole investment discretion, making all decisions affecting PMT’s assets, subject to the limitations set forth in Item 16, and in accordance with PMT’s stated objectives and policies as outlined in PMT’s documents filed with the SEC. The Adviser selects investments for, and places purchase and sale orders for investments on behalf of, PMT. Please refer to Item 8 for further information on the Adviser’s methods of analysis and investment strategies, including details on the specific risks associated with these strategies. Amount of Client Assets Managed As of December 31, 2023, the Adviser has $13,113,887,000 discretionary assets under management for its sole client, PMT.

PNMAC CAPITAL MANAGEMENT, LLC

PNMAC CAPITAL MANAGEMENT, LLC

PENNYMAC CAPITAL MANAGEMENT, LLC

Adviser Profile

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

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PNMAC CAPITAL MANAGEMENT, LLC PNMAC CAPITAL MANAGEMENT, LLC PENNYMAC CAPITAL MANAGEMENT, LLC

Adviser Profile

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

PNMAC CAPITAL MANAGEMENT, LLC

PNMAC CAPITAL MANAGEMENT, LLC

PENNYMAC CAPITAL MANAGEMENT, LLC