Company: PGZ
Filing Date: 2025-07-03
Form Type: N-CSRS
Source: 0001398344-25-012685
Chunk: 7

Company: Principal Real Estate Income Fund
Filing Date: 2025-07-03
Form: N-CSRS
Chunk 7
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 Performance Overview |

April 30, 2025 (Unaudited)

PERFORMANCE as of April 30, 2025

| TOTAL RETURNS(1)                    | CUMULATIVE | AVERAGE ANNUAL |        |        |         |
| Fund                                | 6 Month    | 1 Year         | 3 Year | 5 Year | 10 Year |
| Net Asset Value (NAV)(2)            | 3.23%      | 16.78%         | 0.45%  | 5.89%  | 3.53%   |
| Market Price(3)                     | 2.42%      | 18.24%         | 0.84%  | 7.02%  | 3.34%   |
| Bloomberg U.S. Aggregate Bond Index | 2.57%      | 8.02%          | 1.95%  | -0.67% | 1.54%   |
| Morningstar Developed Markets Index | 0.96%      | 12.08%         | 11.00% | 14.02% | 9.54%   |

| (1) | Total returns assume reinvestment of all distributions. |

| (2) | Performance returns are net of management fees and other Fund 
 expenses.                                                     |

| (3) | Market price is the value at which the Fund trades on an exchange. 
 This market price can be higher or lower than its NAV.             |

Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance data may be higher or lower than actual data quoted. For the most current month-end performance data please call 855.838.9485.

Total Annual Expense Ratio as a Percentage of Net Assets Attributable to Common Shares including interest expense, as of April 30, 2025, 4.83%.

Total Annual Expense Ratio as a Percentage of Net Assets Attributable to Common Shares excluding interest expense, as of April 30, 2025, 2.52%.

The Fund is a closed-end fund and does not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades only in the secondary market. Investors wishing to buy or