Company: PDSRX
Filing Date: 2025-05-28
Form Type: N-CSR
Source: 0001756404-25-000011
Chunk: 69

Company: Principal Real Asset Fund
Filing Date: 2025-05-28
Form: N-CSR
Chunk 69
---
Fund’s

### financial
statements

based

on

our

audits.

We

are

a

public

accounting

firm

registered

with

the

Public

Company

Accounting

Oversight

Board

(United

States)

(“PCAOB”)

and

are

required

to

be

independent

with

respect

to

the

Fund

in

accordance

with

the

U.S.

federal

securities

laws

and

the

applicable

rules

and

regulations

of

the

Securities

and

Exchange

Commission

and

the

PCAOB.

We

conducted

our

audits

in

accordance

with

the

standards

of

the

PCAOB.

Those

standards

require

that

we

plan

and

perform

the

audit

to

obtain

reasonable

assurance

about

whether

the

### financial
statements

are

free

of

material

misstatement,

whether

due

to

error

or

fraud.

The

Fund

is

not

required

to

have,

nor

were

we

engaged

to

perform,

an

audit

of

the

Fund’s

internal

control

over

### financial
reporting.

As

part

of

our

audits,

we

are

required

to

obtain

an

understanding

of

internal

control

over

### financial
reporting

but

not

for

the

purpose

of

expressing

an

opinion

on

the

effectiveness

of

the

Fund’s

internal

control

over

### financial
reporting.

Accordingly,

we

express

no

such

opinion.

Our

audits

included

performing

### procedures
to

assess

the

risks

of

material

misstatement

of

the

### financial
statements,

whether

due

to

error

or

fraud,

and

performing

### procedures
that

respond

to

those

risks.

Such

### procedures
included

examining,

on

a

test

basis,

evidence

regarding

the

amounts

and

disclosures

in

the

### financial
statements.

Our

### procedures
included

confirmation

of