Company: PDSRX
Filing Date: 2025-07-25
Form Type: 486BPOS
Source: 0001756404-25-000017
Chunk: 89

Company: Principal Real Asset Fund
Filing Date: 2025-07-25
Form: 486BPOS
Chunk 89
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                                                                $103,750.00 |
| James E. Stueve           |     |                           $42,389.75 |     |                                                                $101,750.00 |

(1) For purposes of the third column, Fund Complex only consists of the Fund and Principal Private Credit Fund ("PPCF"). The listed Board Members receive no compensation from any fund in the Fund Complex, other than the Fund and PPCF because they only serve as Board Members of the Fund and PPCF (and no other portfolios in the Fund Complex).

#### Code of Ethics
The Fund, PGI, each of the Sub-Advisor(s), and Principal Funds Distributor, Inc. have adopted Codes of Ethics ("Codes") under Rule 17j-1 of the 1940 Act. Under the Codes, personnel are only permitted to engage in personal securities transactions in accordance with certain conditions relating to such person’s position, the identity of the security, the timing of the transaction, and similar factors. Transactions in securities that may be held by the Fund are permitted, subject to compliance with applicable provisions of the Codes. Personal securities transactions must be reported quarterly and broker confirmations of such transactions must be provided for review. The Codes are available on the EDGAR Database on the SEC’s website at www.SEC.gov. In addition, copies of the Codes may be obtained, after paying a duplicating fee, by electronic request at publicinfo@sec.gov.

#### Proxy Voting Policies
The Board has delegated responsibility for decisions regarding proxy voting for securities held by the Fund to PGI or the Sub-Advisor(s), as appropriate. PGI and each Sub-Advisor will vote such proxies in accordance with its proxy policies and procedures, which have been reviewed by the Board, and which are found in Appendix B. Any material changes to the proxy policies and procedures will be submitted to the Board for approval.

Information regarding how the Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, 2025, is available, without charge, upon request, by calling 1-800-222-5852 or by accessing the Fund's most recently filed Form N-PX on the Fund's website at www.PrincipalAM.com/IntervalProspectuses or on the SEC's website at www.sec.gov.

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CONTROL PERSONS AND PRINCIPAL HOLDERS OF SECURITIES

A principal shareholder is any person that owns of record or beneficially 5% or more of any class of