Our alternative products augment the already powerful product suite offered by Principal Global Investors and provide best-of-breed next generation solutions for our clients. Within the alternative space, our products offer high sustainable alpha targets and embrace an absolute return/outcome orientation. The international 130/30 equity product profile has a similar risk profile to the benchmark and traditional long-only strategies, with the benefit of added diversification. Within the fixed income space, our philosophy is to systematically exploit both long and short global credit market opportunities and to lever these opportunities in a risk controlled absolute return framework.