Company: PDSRX
Filing Date: 2025-05-28
Form Type: N-CSR
Source: 0001756404-25-000011
Chunk: 88

Company: Principal Real Asset Fund
Filing Date: 2025-05-28
Form: N-CSR
Chunk 88
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 of the Funds as well as any controlled subsidiary. 4.Not less than annually, the primary independent auditor shall report to the Committee in writingallrelationshipsthatmayreasonablybethoughttobearonindependencebetween theauditorandtheFundsorpersonsinfinancialreportingoversightroles withrespectto any services provided by the auditor, its subsidiaries or affiliates as of the date of the communication, pursuant to Rule 3526 of the PCAOB.The primary independent auditor shall discuss with the Committee the potential effects of such relationships on the independence of the auditor.In addition, the primary independent auditor shall affirm, in writing, that, as of the date of the communication, it is independent within the meaning of the federal securities laws and Rule 3520 of the PCAOB. 5.The Committee shall monitor that the lead (or coordinating) audit partners, as well as the reviewing audit partner, of the Funds' primary independent auditor are rotated at least every five years and subject upon rotation to a five year "time out" period.All other audit partners of the primary independent auditor, excluding partners who simply consult with othersontheauditengagementregardingtechnicalissues,shallrotateaftersevenyears and be subject upon rotation to a two year "time out" period. 6.NeithertheFundsnorPGImayhireorpromoteanyformerpartner,principal,shareholder or professional employee (Former Employee) of the primary independent auditor into a financial reporting oversight role unless the Former Employee (1) has severed his/her economic interest in the independent audit firm, and (2) was not a member of the audit engagement team for the Funds during the one year period preceding the date that the auditproceduresbeganforthefiscalperiodinwhichtheFundsorPGIproposestohireor promote the Former Employee.Neither the Funds nor PGI shall, without prior written consentoftheprimaryindependentauditor,hireorpromoteanyFormerEmployeeintoa rolenotprohibitedaboveiftheFormerEmployeehadprovidedanyservicestotheFunds orPGIduringthe12monthsprecedingthedateoffilingoftheFunds'mostrecentannual report with the SEC.Upon termination of the primary independent auditor, the Funds or PGIshallnot,withoutpriorwrittenconsentoftheformerprimaryindependentauditor,hire or promote any Former Employee for a period of up to 12 months from termination. 7.Forpersonsrecentlypromotedorhiredintoafinancialreportingoversight