Company: PDSRX
Filing Date: 2025-11-25
Form Type: N-CSRS
Source: 0001756404-25-000041
Chunk: 34

Company: Principal Real Asset Fund
Filing Date: 2025-11-25
Form: N-CSRS
Chunk 34
---

with

Rule

23c-3,

as

amended

from

time

to

time.

Rule

23c-3

requires

the

Repurchase

Request

Deadline

to

be

no

less

than

21

and

no

more

than

42

days

after

the

Fund

sends

notification

to

shareholders

of

the

repurchase

offer.

There

will

be

a

maximum

14

calendar

day

period,

or

the

next

### business
day

if

the

14th

calendar

day

is

not

a

### business
day,

between

the

Repurchase

Request

Deadline

and

the

Repurchase

Pricing

Date.

If

a

repurchase

offer

by

the

Fund

is

oversubscribed,

the

Fund

may

repurchase,

but

is

not

required

to

repurchase,

additional

shares

up

to

a

maximum

amount

of

2%

of

the

outstanding

shares

of

the

Fund.

If

the

Fund

determines

not

to

repurchase

additional

shares

beyond

the

repurchase

offer

amount,

or

if

shareholders

tender

an

amount

of

shares

greater

than

that

which

the

Fund

is

entitled

to

repurchase,

the

Fund

will

repurchase

the

shares

tendered

on

a

pro

rata

basis.

For

the

period

ended

September

30,

2025,

shares

of

the

Fund

were

repurchased

during

the

repurchase

offer

windows

as

per

the

table

below

(amounts

in

thousands).

In

these

offers,

the

Fund

offered

to

repurchase

up

to

5%

of

the

number

of

outstanding

shares

as

of

the

Repurchase

Pricing

Date.

#### 8.

#### Federal

#### Tax

#### Information

#### Distributions

#### to

#### Shareholders.
The

federal

income

tax

character

of

distributions

paid

for

the

period

ended

September

30,

2025

and

year

ended