Company: PDSRX
Filing Date: 2025-05-28
Form Type: N-CSR
Source: 0001756404-25-000011
Chunk: 46

Company: Principal Real Asset Fund
Filing Date: 2025-05-28
Form: N-CSR
Chunk 46
---

are

a

result

of

permanent

differences

between

U.S.

GAAP

and

tax

accounting.

Adjustments

are

made

to

reflect

the

impact

these

items

have

on

current

and

future

distributions

to

shareholders.

Therefore,

the

source

of

the

Fund’s

distributions

may

be

shown

in

the

accompanying

statement

of

changes

in

net

assets

as

from

net

investment

income

and

net

realized

gain

on

investments

or

from

tax

return

of

capital

depending

on

the

type

of

book

and

tax

differences

that

exist.

For

the

year

ended

March

31,

2025,

the

Fund

recorded

reclassifications

as

follows

(amounts

in

thousands):

#### Federal

#### Income

#### Tax

#### Basis.
As

of

March

31,

2025

,

the

net

federal

income

tax

unrealized

appreciation

(depreciation)

and

federal

tax

cost

of

investments

held

by

the

Fund

were

as

follows

(amounts

in

thousands):

#### 9.

#### Subsequent

#### Events

### Management
has

evaluated

events

and

transactions

that

have

occurred

through

the

date

the

### financial
statements

were

issued

that

would

merit

recognition

or

disclosure

in

the

### financial
statements.

The

Fund

completed

a

quarterly

repurchase

offer

on

April

28,

2025

which

resulted

in

368,916

shares

being

repurchased

for

$9,733,000.

There

were

no

additional

items

requiring

adjustment

of

the

### financial
statements

or

additional

disclosure.

#### Ordinary

#### Income

#### Long-Term

#### Capital

#### Gain*

#### 2025

#### 2024

#### 2025

#### 2024
Principal

Real

Asset

Fund

$

2,332

$

1,914

$

184

$

1,212

#### Und