Fixed Income Program

We invest in publicly traded corporate debt across the full credit spectrum (i.e. investment grade and high yield) with a focus on the U.S. and Canada.

We engage in active management of interest rate exposure, using both duration and yield curve positioning.

We use a centralized and client-driven approach to currency exposures, incorporating clients’ strategic, long-term, hedge ratios with a tactical currency hedging overlay.

We employ both secured and unsecured financing to deliver capital to clients with strategic allocations to total portfolio leverage. Read more about our Funding Program.

We offer private debt with the Principal Credit Fund, through internal management and partnerships with external managers, which lends to mid-sized companies in North America/Europe that are generally unrated and private equity owned.