Company: PDSRX
Filing Date: 2025-11-25
Form Type: N-CSRS
Source: 0001756404-25-000041
Chunk: 62

Company: Principal Real Asset Fund
Filing Date: 2025-11-25
Form: N-CSRS
Chunk 62
---

### Management
Agreement

between

Principal

Global

Investors,

LLC

(the

“Manager”)

and

the

Fund

(the

“Management

Agreement”)

and

(ii)

the

Amended

and

Restated

Sub-Advisory

Agreement

between

Principal

Real

Estate

Investors,

LLC

(the

“Sub-Adviser”)

and

the

Manager

(the

“Sub-Advisory

Agreement”).

In

connection

with

the

Board’s

consideration

of

the

### Management
Agreement

and

the

Sub-Advisory

Agreement,

the

Board

received

written

materials

in

advance

of

the

Meeting,

which

included

information

regarding:

(

i

)

the

nature,

extent,

and

quality

of

services

to

be

provided

to

the

Fund

by

the

Manager

and

the

Sub-Adviser;

(ii)

a

description

of

the

Manager’s

and

the

Sub-Adviser’s

investment

### management
and

other

personnel;

(iii)

an

### overview
of

the

Manager’s

and

the

Sub-Adviser’s

respective

### operations
and

### financial
condition;

(iv)

a

comparison

of

the

Fund’s

### management
fee

and

overall

expenses

with

those

of

comparable

funds;

(v)

the

level

of

profitability

from

the

Manager’s

and

the

Sub-

Adviser’s

fund-related

operations;

(vi)

the

Manager’s

and

the

Sub-Adviser’s

compliance

policies

and

procedures,

including

policies

and

### procedures
for

### business
continuity

and

information

security

and

(vii)

information

regarding

the

performance

record

of

the

Fund

as

compared

to

other

comparable

funds.

Throughout

the

process,

including

at

the

Meeting,

the

Board

had

numerous

opportunities

to

ask

questions

of

and

request

additional

materials

from

the

Manager

and

the

Sub-Advis