Company: PDSRX
Filing Date: 2025-05-28
Form Type: N-CSR
Source: 0001756404-25-000011
Chunk: 47

Company: Principal Real Asset Fund
Filing Date: 2025-05-28
Form: N-CSR
Chunk 47
---
istributed

#### Ordinary

#### Income

#### Undistributed

#### Long-Term

#### Capital

#### Gains

#### Accumulated

#### Losses

#### Net

#### Unrealized

#### Appreciation
**(Depreciation)**

#### Other

#### Temporary

#### Differences

#### Total

#### Accumulated

#### Earnings
**(Deficit)

Principal

Real

Asset

Fund

$

1,016

$

487

$

—

$

10,

521

$

—

$

12,024**

#### Total

#### Distributable

#### Earnings
**(Accumulated**

#### Loss)

#### Capital

#### Shares

#### and

#### Additional

#### Paid-in-Capital
Principal

Real

Asset

Fund

$

11

$

(11)

#### Unrealized

#### Appreciation

#### Unrealized
**(Depreciation)**

#### Net

#### Unrealized

#### Appreciation/
**(Depreciation)**

#### Cost

#### for

#### Federal

#### Income

#### Tax

#### Purposes
Principal

Real

Asset

Fund

$

19,308

$

(8,787)

$

10,521

$

160,526

#### Schedule

#### of

#### Investments

#### Principal

#### Real

#### Asset

#### Fund

#### March

#### 31,

#### 2025
See

accompanying

notes.

18

### INVESTMENT

### COMPANIES
#### -

#### 16

#### .03
#### %

#### Shares

#### Held

#### Value
**(000's)**

#### Exchange-Traded

#### Funds
#### -

#### 8

#### .93
#### %

Global

X

US

Infrastructure

Development

ETF

69,300‌

$

2,614‌

iShares

Global

Infrastructure

ETF

104,300‌

5,702‌

iShares

U.S.

Infrastructure

ETF

141,375‌

6,372‌

$

14,688‌

#### Money

#### Market

#### Funds
#### -

#### 7

#### .10
#### %

Morgan

Stanley

Institutional

### Liquidity
Funds

-

Government

Portfolio

-

Institutional

Class

4.27%

(a)

11,659,891‌

11,660‌

TOTAL

### INVESTMENT

### COMPANIES
$

26,348‌

### PRIVATE

### INVESTMENT

#### FUNDS
#### -

#### 71

#### .