Company: PDSRX
Filing Date: 2025-11-25
Form Type: N-CSRS
Source: 0001756404-25-000041
Chunk: 58

Company: Principal Real Asset Fund
Filing Date: 2025-11-25
Form: N-CSRS
Chunk 58
---

using

the

reported

net

asset

values

as

of

March

31,

2025

are

3.31%,

3.81%

and

3.65%

for

Class

A,

Class

Y

and

Institutional,

respectively.

(k)

Total

returns

calculated

using

the

reported

net

asset

values

as

of

March

31,

2024

are

1.94%,

2.46%

and

2.24%

for

Class

A,

Class

Y

and

Institutional,

respectively.

(l)

Total

returns

calculated

using

the

reported

net

asset

values

as

of

March

31,

2023

are

(3.11)%,

(2.64)%

and

(2.80)%

for

Class

A,

Class

Y

and

Institutional,

respectively.

(m)

Total

returns

calculated

using

the

reported

net

asset

values

as

of

March

31,

2022

are  14.32%,

14.86%,

and

14.62%

for

Class

A,

Class

Y,

and

Institutional,

respectively.

#### Shareholder

#### Expense

#### Example

#### Principal

#### Real

#### Asset

#### Fund

#### September

#### 30,

#### 2025
**(unaudited)

20

As

a

shareholder

of

Principal

Real

Asset

Fund,

you

incur

two

types

of

costs:

(1)

transaction

costs,

including

sales

charges

on

purchase

payments

and

contingent

deferred

sales

charges;

and

(2)

ongoing

costs,

including**

### management
fees;

distribution

fees;

and

other

fund

expenses.

In

addition

to

the

expenses

the

Fund

bears

directly,

the

Fund

may

indirectly

bear

its

pro

rata

share

of

the

expenses

incurred

by

the

investment

companies

in

which

the

Fund

invests.

This

Example

is

intended

to

help

you

understand

your

ongoing

costs

(in

dollars)

of

invest