Company: PDSRX
Filing Date: 2025-11-25
Form Type: N-CSRS
Source: 0001756404-25-000041
Chunk: 20

Company: Principal Real Asset Fund
Filing Date: 2025-11-25
Form: N-CSRS
Chunk 20
---

assess

its

performance,

and

has

discrete

### financial
information

available.

Committees

and

working

groups

within

### Management
under

the

direction

of

the

President

act

as

the

Fund's

CODM.

The

Fund

represents

a

single

operating

segment.

The

CODM

monitors

the

operating

results

of

the

Fund

as

a

whole

and

the

Fund's

strategic

asset

allocation

to

ensure

compliance

with

the

defined

investment

strategy

executed

by

the

Fund's

portfolio

managers

as

a

team.

The

types

of

investments

from

which

the

Fund

generates

its

returns

are

reflected

on

the

schedule

of

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