Apollo Residential Mortgage, Inc. (AMTG) is a holding company that conducts its business primarily through ARM Operating, LLC and other operating subsidiaries. The Company is primarily engaged in the business of investing, on a leveraged basis, in residential mortgage assets in the United States. Its principal objective is to provide risk-adjusted returns from its assets to its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. The Company holds investments in agency residential mortgage-backed securities (RMBS), including Agency pass-through RMBS (whose underlying collateral primarily consists of 30 year fixed-rate mortgages), Agency Inverse Floaters, Agency interest-only (IO), Agency Inverse IO, non-agency RMBS, securitized mortgage loans, other mortgage-related securities, mortgage loans and other real estate related investments. The Company is managed and advised by ARM Manager, LLC.