Company: PDSRX
Filing Date: 2025-05-28
Form Type: N-CSR
Source: 0001756404-25-000011
Chunk: 30

Company: Principal Real Asset Fund
Filing Date: 2025-05-28
Form: N-CSR
Chunk 30
---

investments.

The

### financial
information

provided

to

and

reviewed

by

the

CODM

is

consistent

with

that

presented

in

the

statement

of

### operations
and

### financial
highlights.

The

measures

shown

within

these

statements

including

net

investment

income

(loss),

total

return,

and

ratio

of

expenses

to

average

net

assets

are

used

by

the

CODM

to

assess

the

segment’s

performance

versus

the

Fund’s

comparative

benchmark

and

investment

objectives,

and

to

make

resource

allocation

decisions

for

the

Fund’s

single

segment.

Segment

assets

are

reported

on

the

statement

of

assets

and

liabilities

as

total

assets.

#### Private

#### Investments

#### in

#### Public

#### Equity.
The

Fund

may

invest

in

private

investments

in

public

equity

(“PIPEs”)

which

are

issued

by

a

company

in

the

secondary

market

as

a

means

of

raising

capital.

In

connection

with

PIPEs,

the

Fund

may

enter

into

unfunded

commitments.

Commitments

may

be

subject

to

various

contingencies

and

are

recognized

as

a

### financial
instrument

when

the

commitment

is

legally

binding.

These

contingencies

are

considered

in

the

valuation

of

the

commitments.

The

Fund

is

obligated

to

fund

these

commitments

when

the

contingencies

are

met

and

therefore,

the

Fund

must

have

funds

sufficient

to

cover

its

obligation.

Commitments

are

marked

to

market

daily

and

the

unrealized

gain

or

loss

is

shown

as

a

separate

line

item

called

unrealized

gain

or

loss

on

unfunded

commitments

on

the

statement

of

assets

and

liabilities

and

included

in