Company: PDSRX
Filing Date: 2025-06-18
Form Type: 40-APP/A
Source: 0002016900-25-000018
Chunk: 0

Company: Principal Real Asset Fund
Filing Date: 2025-06-18
Form: 40-APP/A
Chunk 0
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| File No. 812-15780 |

#### U.S. SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549
<div align='center'>In the Matter of the Application of:

Principal Private Credit Fund I, Principal Real Asset Fund,

Principal Global Investors, LLC, Principal Life Insurance Company,

Principal Alternative Credit Unlevered Fund, LP, and</div>

#### Principal Real Estate Investors, LLC
<div align='center'>711 High Street

Des Moines, IA 50392

(515) 247‑6651</div>

<div align='center'>First Amended and Restated Application For An Order Pursuant to Sections 17(d) and 57(i) of the Investment Company Act of 1940 and Rule 17d-1 Under the Act to Permit Certain Joint Transactions

Otherwise Prohibited By Sections 17(d) and 57(a)(4) of the Act and Rule 17d-l Under the Act</div>

<div align='center'>Please Send A ll C ommunications, N otices, and O rders to:</div>

#### John L. Sullivan

### c/o Principal Financial Group, Inc.

#### 711 High Street

#### Des Moines, IA 50392
<div align='center'>(515) 247‑6651</div>

#### sullivan.john.l@principal.com
<div align='center'>This Application consists of 13 pages.

As filed with the Securities and Exchange Commission on June 18, 2025 .</div>

| UNITED STATES OF AMERICA             
 BEFORE THE                           
 SECURITIES AND EXCHANGE COMMISSION   
 WASHINGTON, D.C. 20549               |     |   |     |                                                    |
| In the Matter of:                    
 PRINCIPAL PRIVATE CREDIT FUND I      
 PRINCIPAL REAL ASSET FUND            
 PRINCIPAL GLOBAL INVESTORS, LLC      
 PRINCIPAL LIFE INSURANCE COMPANY     
 PRINCIPAL ALTERNATIVE CREDIT         
 UNLEVERED FUND, LP                   
 PRINCIPAL REAL ESTATE INVESTORS, LLC 
 711 High Street                      
 Des Moines, Iowa 50392               |     | ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) |     | First Amended and Restated Application For An      
 Order Pursuant to Sections 17(d) and 57(i) of the  
 Investment Company Act of 1940 and Rule 17d-1