Company: PDSRX
Filing Date: 2025-05-28
Form Type: N-CSR
Source: 0001756404-25-000011
Chunk: 16

Company: Principal Real Asset Fund
Filing Date: 2025-05-28
Form: N-CSR
Chunk 16
---

intermediary

organizations,

such

as

broker-dealers,

insurance

companies,

plan

sponsors,

third

party

administrators,

and

retirement

plans.

Minimum

initial

investment

requirements

are

$25,000

for

Class

A

shares

and

$100,000

for

Class

Y

and

Institutional

Class

shares.

Effective

September

1,

2023,

the

Fund

changed

its

name

from

Principal

Diversified

Select

Real

Asset

Fund

to

Principal

Real

Asset

Fund.

In

addition

to

the

name

change,

the

Fund’s

diversification

classification

changed

from

“diversified”

to

“non-diversified”

with

a

change

to

the

related

fundamental

policy.

The

Fund

is

an

investment

company

and

applies

specialized

accounting

and

reporting

under

Accounting

Standards

Codification

Topic

946,

### Financial
Services

-

Investment

Companies

.

The

Fund

has

not

provided

### financial
support

and

is

not

contractually

required

to

provide

### financial
support

to

any

investee.

All

classes

of

shares

of

the

Fund

represent

interests

in

the

same

portfolio

of

investments

and

will

vote

together

as

a

single

class

except

where

otherwise

required

by

law

or

as

determined

by

the

Board.

In

addition,

the

Board

declares

separate

dividends

on

each

class

of

shares.

The

Fund

may

offer

additional

classes

of

shares

in

the

future.

#### 2.

#### Significant

#### Accounting

#### Policies
The

preparation

of

### financial
statements

in

conformity

with

U.S.

generally

accepted

accounting

principles

(“U.S.

GAAP”)

requires

### management
to

make

estimates

and

assumptions

that

affect

the

reported

amounts

of

assets

and

liabilities

and

disclosure

of