Company: PDSRX
Filing Date: 2025-11-25
Form Type: N-CSRS
Source: 0001756404-25-000041
Chunk: 65

Company: Principal Real Asset Fund
Filing Date: 2025-11-25
Form: N-CSRS
Chunk 65
---

under

the

### Management
Agreement

and

that

the

nature,

overall

quality

and

extent

of

the

services

provided

by

the

Manager

to

the

Fund

were

satisfactory

and

reliable.

22

In

considering

the

nature,

extent

and

quality

of

services

to

be

provided

by

the

Sub-Adviser

with

respect

to

the

Fund

under

the

Sub-Advisory

Agreement,

the

Board

reviewed

materials

provided

by

the

Sub-Adviser,

including:

an

### overview
of

the

personnel

that

perform

services

for

the

Fund

and

their

### background
and

experience;

a

summary

of

the

### financial
condition

of

the

Sub-Adviser;

information

regarding

risk

### management
processes

and

### liquidity
management;

a

description

of

the

Sub-Adviser’s

brokerage

practices

(including

any

soft

dollar

arrangements);

information

regarding

the

Sub-Adviser’s

compliance

policies

and

procedures,

including

its

### business
continuity

and

cybersecurity

policies

and

a

code

of

ethics

that

contained

provisions

reasonably

necessary

to

prevent

Access

Persons,

as

that

term

is

defined

in

Rule

17j-1

under

the

1940

Act,

from

engaging

in

conduct

prohibited

by

Rule

17j-1(b).

The

Board

concluded

that

the

Sub-Adviser

had

sufficient

quality

and

depth

of

personnel,

resources,

investment

methods

and

compliance

policies

and

### procedures
to

perform

its

duties

under

the

Sub-Advisory

Agreement

and

that

the

nature,

overall

quality

and

extent

of

the

services

provided

by

the

Sub-Adviser

to

the

Fund

were

satisfactory

and

reliable.

Performance.

The

Board

consider