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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

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 a 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.

Post Advisory Group

A value-oriented active manager that specializes in managing high yield bonds, leveraged loans, collateralized loan obligations, and structured credit products, finding high-quality businesses through rigorous bottom-up fundamental credit research with a top-down macro and technical overlay.

Spectrum Asset Management

Extensive experience in 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.

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.