Company: PDSRX
Filing Date: 2025-05-28
Form Type: N-CSR
Source: 0001756404-25-000011
Chunk: 35

Company: Principal Real Asset Fund
Filing Date: 2025-05-28
Form: N-CSR
Chunk 35
---
partner

of

the

private

investment

fund

pursuant

to

its

limited

partnership

agreement.

As

of

March

31,

2025,

the

Fund

had

unfunded

commitments

relating

to

potential

future

investments,

as

follows

(amounts

in

thousands):

*Unfunded

commitments

approximate

their

fair

values.

#### Private

#### Investment

#### Fund

#### Unfunded

#### Commitment*
ACIP

Parallel

Fund

A,

LP

$

314

Macquarie

Green

Energy

and

Climate

Opportunities

Fund,

SCSp

1,050

#### 3.

#### Operating

#### Policies
**(continued)**

#### Notes

#### to

### Financial

#### Statements

#### Principal

#### Real

#### Asset

#### Fund

#### March

#### 31,

#### 2025
14

#### 4.

#### Fair

#### Valuation
Fair

value

is

defined

as

the

price

that

the

Fund

would

receive

upon

selling

a

security

or

transferring

a

liability

in

a

timely

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

of

the

security

at

the

measurement

date.

In

determining

fair

value,

the

Fund

may

use

one

or

more

of

the

following

approaches:

market,

income,

and/or

cost.

A

hierarchy

for

inputs

is

used

in

measuring

fair

value

that

maximizes

the

use

of

observable

inputs

and

minimizes

the

use

of

unobservable

inputs

by

requiring

that

the

most

observable

inputs

be

used

when

available.

Observable

inputs

are

inputs

that

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability

developed

based

on

market

data

obtained

from

sources

independent

of

the

Fund.

Unobservable

inputs

are

inputs

that

reflect

the

Fund’s

own