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Fixed income investment team

Principal Morley

Committed to designing and constructing capital preservation strategies to help investors achieve retirement and income goals.

Our investment approach

Principal Morley is a specialist U.S. stable value manager, focused almost exclusively on managing stable value assets for our institutional client base. Our seasoned investment and service teams collaborate to offer innovative solutions, tailored to meet client investment needs, as well as a distinct client experience, designed to provide preservation of principal with stability and consistency of returns.

We believe the best way to maximize stable value performance is through a quantitative portfolio construction process that focuses first on client needs, combined with empirically supported risk and return expectations. We combine in-house active management with external sub-advisers to achieve a diversified portfolio seeking to provide complementary sources of excess return.

Portfolio construction process
Principal Morley Chart
Get to know our fixed income investment teams.

Our fixed income investment teams have a track record of solving for a wide range of personalized investor objectives.

Principal Alternative Credit
A seasoned investment team with significant credit investment experience across all major industries and market cycles, focused on providing our global investment base access to private credit solutions.
Principal Finisterre
As a specialist emerging market debt manager committed to delivering solutions that can perform in any market condition, the team utilizes an unconstrained, time-tested approach to managing income, volatility, and liquidity.
Principal Fixed Income
A global platform of integrated and specialized teams focused on delivering innovative, actively managed total return and yield-oriented investment solutions through capabilities that span all major fixed income sectors.
Spectrum Asset Management
Extensive experience managing global preferred and capital securities with a robust fundamental credit research approach, including both top-down and bottom-up analyses that lead to selective and thoughtful portfolio construction.
Get the latest insights
Multi-sector monthly commentary
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A timely review of market conditions, our fixed income outlook, and current positioning themes.
February 9, 2026
Fixed income: Resilient markets, selective opportunities
Fixed income enters 1Q 2026 strong, but selectivity and agility will drive returns this year.
January 23, 2026
1Q 2026 Fixed Income Perspectives
Themes, outlook, and investment implications across global fixed income markets.
January 13, 2026

Past performance does not guarantee future results.

Investing in stable value is subject to many similar risks of investing in fixed income, including, but not limited to, credit risk, default risk, interest rate risk, issuer risk, liquidity risk, manager risk, market risk, regulatory risk, and tax and accounting risk. Risk management techniques seek to mitigate or reduce risk but cannot remove it.

Principal Morley is an investment team within Principal Global Investors.