Company: PDSRX
Filing Date: 2025-05-28
Form Type: N-CSR
Source: 0001756404-25-000011
Chunk: 45

Company: Principal Real Asset Fund
Filing Date: 2025-05-28
Form: N-CSR
Chunk 45
---
)

in

the

20-percent

group

(which

may

be

taxed

at

a

20-percent

rate,

a

15-percent

rate,

or

a

0-percent

rate,

depending

on

the

shareholder’s

taxable

income).

For

U.S.

federal

income

tax

purposes,

short-term

capital

gain

distributions

are

considered

ordinary

income

distributions.

#### Distributable

#### Earnings.
As

of

March

31,

2025,

the

components

of

distributable

earnings

(accumulated

loss)

on

a

federal

tax

basis

were

as

follows

(amounts

in

thousands):

#### Capital

#### Loss

#### Carryforwards.
For

federal

income

tax

purposes,

capital

loss

carryforwards

are

losses

that

can

be

used

to

offset

future

capital

gains

of

the

Fund.

As

of

March

31,

2025

,

the

Fund

had

no

capital

loss

carryforwards.

For

the

year

ended

March

31,

2025

,

the

Fund

did

not

utilize

capital

loss

carryforwards.

#### Late-Year

#### Losses.
A

regulated

investment

company

may

elect

to

treat

any

portion

of

its

qualified

late-year

loss

as

arising

on

the

first

day

of

the

next

taxable

year.

Qualified

late-year

losses

are

certain

capital

and

ordinary

losses

which

occur

during

the

portion

of

the

Fund’s

taxable

year

subsequent

to

October

31

and

December

31,

respectively.

As

of

March

31,

2025

,

the

Fund

does

not

plan

to

defer

any

late-year

losses.

#### Reclassification

#### of

#### Capital

#### Accounts.
The

Fund

may

record

reclassifications

in

its

capital

accounts.

These

reclassifications

have

no

impact

on

the

total

net

assets

of

the

Fund.

The

reclassifications