Company: PDSRX
Filing Date: 2025-11-25
Form Type: N-CSRS
Source: 0001756404-25-000041
Chunk: 68

Company: Principal Real Asset Fund
Filing Date: 2025-11-25
Form: N-CSRS
Chunk 68
---
considered

as

a

part

of

this

analysis,

the

brokerage

practices,

soft

dollar

practices

and

use

of

research

payment

accounts

by

the

Manager

and

the

Sub-Adviser.

The

Board

concluded

that

the

incidental

benefits

received

by

the

Manager,

the

Sub-Adviser

and

their

affiliates

from

their

relationships

with

the

Fund

were

appropriate.

Conclusion

.

The

Board,

having

requested

and

received

such

information

from

each

of

the

Manager

and

the

Sub-Adviser

as

it

believed

reasonably

necessary

to

evaluate

the

terms

of

the

### Management
Agreement

and

the

Sub-Advisory

Agreement

and

having

been

advised

by

independent

counsel

that

it

had

appropriately

considered

and

weighed

all

relevant

factors,

determined

that

the

approval

of

each

of

the

### Management
Agreement

and

the

Sub-Advisory

Agreement

for

an

additional

one-year

term

was

in

the

best

interests

of

the

Fund

and

its

shareholders.

In

considering

the

renewal

of

the

### Management
Agreement

and

the

Sub-Advisory

Agreement,

the

Board

considered

a

variety

of

factors,

including

those

discussed

above,

and

also

considered

other

factors

(including

conditions

and

trends

prevailing

generally

in

the

economy,

the

securities

markets,

and

the

industry).

The

Board

did

not

identify

any

one

factor

as

determinative,

and

each

Board

Member

may

have

weighed

each

factor

differently.

23

#### FUND

#### BOARD

#### OF

### TRUSTEES

#### AND

### OFFICERS
The

Board

of

Trustees

(the

“Board”)

has

overall

responsibility

for