Company: PDSRX
Filing Date: 2025-11-25
Form Type: N-CSRS
Source: 0001756404-25-000041
Chunk: 61

Company: Principal Real Asset Fund
Filing Date: 2025-11-25
Form: N-CSRS
Chunk 61
---

Principal

Real

Asset

Fund

Class

A

$

1,000.00‌

$

1,050.61‌

$

7.35‌

$

1,000.00‌

$

1,017.90‌

$

7.23‌

1.43‌

%

Class

Y

1,000.00‌

1,052.75‌

4.79‌

1,000

.00‌

1,020.41‌

4.71‌

0.93‌

Institutional

1,000.00‌

1,051.85‌

5.81‌

1,000.00‌

1,019.40‌

5.72‌

1.13‌

Principal

Real

Asset

Fund

(Excluding

Interest

Expense

and

Fees)

Class

A

1,000.00‌

1,050.61‌

7.15‌

1,000.00‌

1,018.10‌

7.03‌

1.39‌

Class

Y

1,000.00‌

1,052.75‌

4.58‌

1,000

.00‌

1,020.61‌

4.51‌

0.89‌

Institutional

1,000.00‌

1,051.85‌

5.61‌

1,000.00‌

1,019.60‌

5.52‌

1.09‌

(a)

Expenses

are

equal

to

a

fund's

annualized

expense

ratio

multiplied

by

the

average

account

value

over

the

period,

multiplied

by

183/365

(to

reflect

the

one-half

year

period).

21

#### BOARD

### CONSIDERATION

#### OF

### INVESTMENT

### ADVISORY

### CONTRACTS

#### Approval

#### of

### Management

#### Agreement

#### and

#### Sub-Advisory

#### Agreement
At

a

meeting

held

on

September

16,

2025

(the

“Meeting”),

the

Board

of

Trustees

(the

“Board”)

of

Principal

Real

Asset

(the

“Fund”)

considered

the

approval

of

the

renewal

of:

(

i

)

the