Principal AM

Risk Disclosure

This notice highlights key risks associated with fixed income investments. It is not exhaustive and does not constitute financial advice.

Capital At Risk

The value of investments can fall as well as rise. You may receive back less than you invest.

If an issuer, borrower or provider fails to meet payment obligations, income payments may stop and capital may be lost.

Changes in interest rates can affect fixed income values. When interest rates rise, existing fixed income investments may fall in value.

Some products may not be easy to sell or withdraw from before maturity. Early exit may be restricted, delayed or subject to penalties.

Inflation can reduce the real value of income payments and capital returned at maturity.

Unless clearly stated, fixed income products are not guaranteed and may not be protected by the Financial Services Compensation Scheme.