In a market shaped by shifting growth, inflation, and policy, the limits of passive credit are increasingly evident—making selectivity in high yield more important than ever. This session will explore the forces driving high-yield performance and why active management is better equipped to capture opportunities while managing risk. We’ll spotlight the Principal Active High Yield ETF (YLD) as a real-world example and close with a look at how active ETFs are evolving and their growing role in portfolios. Join Principal Asset Management’s CIO and Global Head of Fixed Income, Michael Goosay, and Senior High-Yield Portfolio Manager, Josh Rank, to gain practical insights you can use to position client portfolios more effectively in today’s high-yield environment.